August 09, 2012
From the second quarter of 2011 to the second quarter of 2012, nonfarm business sector labor productivity increased 1.1 percent, as output rose 2.9 percent and hours worked rose 1.8 percent.
Over the last four quarters, manufacturing productivity increased 2.9 percent, as output increased 5.6 percent and hours rose 2.6 percent. Durable goods manufacturing productivity increased 6.2 percent, as output rose 9.7 percent and hours rose 3.3 percent.
These data, from the Labor Productivity and Costs program, are seasonally adjusted and are subject to revision. To learn more, see "Productivity and Costs — Second Quarter 2012, Preliminary" (HTML) (PDF), news release USDL-12-1588. Labor productivity, or output per hour, is calculated by dividing an index of real output by an index of hours worked of all persons, including employees, proprietors, and unpaid family workers.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Productivity, output, and hours in the second quarter of 2012 on the Internet at http://www.bls.gov/opub/ted/2012/ted_20120809.htm (visited May 23, 2015).
New estimates of personal taxes in Consumer Expenditure Survey
In 2013, the Consumer Expenditure Survey improved its personal tax data.
Trends in long-term unemployment
Long-term unemployment reached historically high levels following the recession of 2007–2009.
Housing: before, during, and after the Great Recession
looks at consumer expenditures on household items, employment in residential construction, prices for household items, and injuries in occupations involved in building and maintaining our homes.